Fu Kun-chi to go to jail for stock manipulation

STILL A LEGISLATOR: The KMT and the DPP urged the independent legislator to resign to pave the way for the election of a lawmaker to serve Hualien residents

Taipei Times
Date: May 15, 2020
By: Jason Pan / Staff reporter

Independent Legislator Fu Kun-chi, second left, apologizes to his supporters at a news briefing at the Legislative Yuan in Taipei yesterday after the Supreme Court upheld a ruling sentencing him to two years and 10 months in prison.
Photo: Peter Lo, Taipei Times

Independent Legislator Fu Kun-chi (傅崐萁) will have to serve two years and 10 months in prison after the Supreme Court yesterday upheld a lower court ruling that found him guilty of insider trading and stock manipulation in the late 1990s.

However, Fu is to retain his legislator’s status and continue to draw a salary during his time in prison.

The Supreme Court rejected Fu’s appeal in a case that has dragged on for more than two decades because of his repeated appeals.

Independent Legislator Fu Kun-chi, second left, apologizes to his supporters at a news briefing at the Legislative Yuan in Taipei yesterday after the Supreme Court upheld a ruling sentencing him to two years and 10 months in prison.

Photo: Peter Lo, Taipei Times

The High Court in a third retrial found him guilty of contravening the Securities and Exchange Act (證券交易法), and manipulating the stock prices of three companies.    [FULL  STORY]

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